No doubt things have changed GB as you know I was talking about this a long time ago when the SP was more than double what it is now.
I wouldn't rule out the SP getting back to double digit, but it will be quite some time.
What I think we will see is gas being decoupled form oil pricing and a more liquid tradable gas market with more futures contracts and in particular an Asian futures market. Gas will take the place of coal & oil in many industrial applications especially power generation. So eventually I can see price separation and a much better outlook for gas long term than oil. This is why I have suggested some time ago that STO sell their crude production assets & concentrate on gas and look at expanding into renewable energy production as well, as its the future without doubt.
Don't panic, page-22
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Last
$7.50 |
Change
-0.010(0.13%) |
Mkt cap ! $24.35B | |||
| Open | High | Low | Value | Volume |
| $7.52 | $7.54 | $7.43 | $48.42M | 6.463M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7037 | $7.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.51 | 45481 | 3 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
$7.51 |
Change
-0.010 ( 0.09 %) |
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| Open | High | Low | Volume | ||
| $7.52 | $7.53 | $7.43 | 1386032 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| STO (ASX) Chart |